Looking to diversify beyond EMCAX? The mutual funds below have historically moved differently from EMCAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EMCAX
0 mutual funds have low correlation with EMCAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund Class A (QASGX) (Small Cap Growth Equities) with a 1Y correlation of 0.30, down from 0.74 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.30 | 0.54 | 0.74 | 60 | Small Cap Growth Equities | EMCAX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.30 | 0.54 | 0.74 | 63 | Small Cap Growth Equities | EMCAX vs QISGX | |
| Driehaus Micro Cap Growth Fund | 0.67 | 0.72 | 0.79 | 77 | Small Cap Growth Equities | EMCAX vs DMCRX | |
| Invesco Discovery Fund Class R6 | 0.67 | 0.78 | 0.85 | 59 | Small Cap Growth Equities | EMCAX vs ODIIX | |
| Oberweis Micro Cap Fund | 0.69 | 0.76 | 0.83 | 73 | Small Cap Growth Equities | EMCAX vs OBMCX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EMCAX
Add EMCAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EMCAX